Serial acquirer splashes out on three adviser firms

Progeny Group adds advisers in Buckinghamshire, Sussex and Edinburgh to its rapidly-expanding stable

Progeny Group has continued its rapid expansion with the acquisition of three adviser firms, as its assets under advice push through the £1bn mark.

The wealth manager and legal adviser announced on Thursday it has bought Buckinghamshire-based Quest Financial Solutions and Juno Wealth Management, based in Sussex, as part of its self-styled ‘acquire to hire’ approach.

And on Monday the firm announced it had purchased Edinburgh-based Innovate Financial Planning, its first adviser acquisition in Scotland.

As part of the latest deal, management and staff from Quest and Juno will transfer to Progeny, it said in the announcement, while both firms’ clients now have access to Progeny’s asset management, wealth planning and private and corporate legal services.

Hard to ignore Progeny’s progress

Quest Financial Solutions managing director John Francis said it has been hard to ignore Progeny’s progress over the past two years and its track record of delivering wealth management advice aligns with his firm’s own offering.

He added: “Something we are excited to add to our proposition is a full suite of legal services which we believe to be crucial when continuing to provide our clients with the holistic solutions they deserve.”

Juno Wealth Management principal adviser and director Tracey Evans said Progeny shared her firm’s “long-term approach of looking to the future, identifying the trends in the way our clients are living and thereby helping them safeguard their wealth”.

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